Housing costs in Louisville?
A typical home costs
$184,300, which is 45.5% less expensive than the national average of
$338,100 and 5.1% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Louisville costs
$1,210 per month, which is 31.5% more than the national average of
$920 and 14.0% more than the state average of
$1,040.
Can I afford Louisville?
To live comfortably in Louisville (zip 40272), Kentucky, a minimum annual income of
$35,280 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Louisville?
The cost of living in 40272 Louisville, KY is quite reasonable. The median home value is around $137,000 and the median household income is approximately $49,000 per year. The housing market in Louisville is relatively affordable with the average rent of a one-bedroom apartment running around $700 per month. Groceries are also reasonably priced with an overall food index being slightly lower than the national average. Utilities are also affordable with the average electric bill for a two-bedroom apartment being about $100 per month. Transportation costs are average with gas costing around $2.50 per gallon and public transportation fares costing about $1.75 for an adult single ride ticket. All things considered, Louisville has a relatively low cost of living compared to other cities in the US.